{"id":123100,"date":"2021-11-09T07:30:24","date_gmt":"2021-11-09T00:30:24","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-firm-far-east-consortiums-mortgage-arm-eyes-market-down-under-acquires-stake-in-local-non-banking-lender\/"},"modified":"2021-11-09T08:03:41","modified_gmt":"2021-11-09T01:03:41","slug":"hong-kong-firm-far-east-consortiums-mortgage-arm-eyes-market-down-under-acquires-stake-in-local-non-banking-lender","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-firm-far-east-consortiums-mortgage-arm-eyes-market-down-under-acquires-stake-in-local-non-banking-lender\/","title":{"rendered":"Hong Kong firm Far East Consortium\u2019s mortgage arm eyes market Down Under, acquires stake in local non-banking lender"},"content":{"rendered":"


\nThe mortgage arm of Hong Kong-based developer Far East Consortium (FEC) has acquired a 53 per cent stake in Australian non-banking lender Mortgageport as part of a strategic partnership.Mortgageport has provided home loans to more than 15,000 customers and has more than A$1.5 billion (US$1.1 billion) of mortgage assets under management. The deal is expected to unlock the hidden value of FEC\u2019s property and create new revenue streams, according to Chris Hoong, its managing director.The\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong firm Far East Consortium\u2019s mortgage arm eyes market Down Under, acquires stake in local non-banking lender<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The mortgage arm of Hong Kong-based developer Far East Consortium (FEC) has acquired a 53...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123100","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-w1u","jetpack-related-posts":[{"id":27433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/far-east-consortiums-david-chiu-says-hong-kong-is-asias-best-investment-destination\/","url_meta":{"origin":123100,"position":0},"title":"Far East Consortium\u2019s David Chiu says Hong Kong is Asia\u2019s \u2018best investment destination\u2019","date":"September 27, 2016","format":false,"excerpt":"\r The second son of Hong Kong entertainment tycoon Deacon Chiu Te-ken, David Chiu Tat-cheong took a very different career path to his father, moving to Malaysia in the 1980s and founding Malaysia Land Holdings. He built the business into one of the country\u2019s largest real estate developers, before returning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66908,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/far-east-consortiums-uk-project-offers-hong-kong-investors-a-chance-to-buy-flats-for-about-hk2m\/","url_meta":{"origin":123100,"position":1},"title":"Far East Consortium\u2019s UK project offers Hong Kong investors a chance to buy flats for about HK$2m","date":"September 20, 2017","format":false,"excerpt":"\r With a budget of slightly over HK$2 million (US$255,801), Hong Kong residents could not even buy a decent sized new home in the New Territories, but they have more investment choices when it comes to overseas properties. Hong Kong-based Far East Consortium International will next month launch sales for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171354,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dbs-hong-kong-acquires-six-floors-at-the-center-in-us334-million-deal\/","url_meta":{"origin":123100,"position":2},"title":"DBS Hong Kong acquires six floors at The Center in US$334 million deal","date":"April 15, 2026","format":false,"excerpt":"\r DBS Bank (Hong Kong) has agreed to pay about HK$2.62 billion (US$334 million) for six floors at The Center \u2013 once the world\u2019s most expensive skyscraper \u2013 marking the city\u2019s largest office transaction so far this year. The lender acquired the 26th, 32nd, 36th, 37th, 56th and 76th floors\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17150,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-banking-regulator-concerned-about-credit-risks-linked-to-aggressive-mortgage-lending-by-developers\/","url_meta":{"origin":123100,"position":3},"title":"Hong Kong banking regulator \u2018concerned\u2019 about credit risks linked to aggressive mortgage lending by developers","date":"June 20, 2016","format":false,"excerpt":"\r Hong Kong\u2019s banking regulator has expressed concern over the ultra-accommodative financing schemes offered by some Hong Kong developers to entice home buyers, saying that it is studying whether controls are needed to help offset credit risk.\r \r Source : South China Morning Post\r Read more...Hong Kong banking regulator \u2018concerned\u2019\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54115,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-turn-to-finance-companies-as-banks-tighten-mortgage-lending\/","url_meta":{"origin":123100,"position":4},"title":"Hong Kong homebuyers turn to finance companies as banks tighten mortgage lending","date":"May 9, 2017","format":false,"excerpt":"\r Buyers of new flats seeking to minimise their down payments are increasingly choosing home loans from finance companies, which are beyond the reach of the banking regulator, according to a survey. Centaline Property Agency found that nearly 18 per cent, or HK$2.6 billion, of the estimated HK$14.7 billion in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118319,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-justice-secretarys-standard-chartered-mortgage-is-under-scrutiny-as-us-sanctions-on-city-officials-sever-banking-ties\/","url_meta":{"origin":123100,"position":5},"title":"Hong Kong Justice Secretary\u2019s Standard Chartered mortgage is under scrutiny as US sanctions on city officials sever banking ties","date":"August 21, 2020","format":false,"excerpt":"\r Two of the seven Hong Kong officials sanctioned by the United States government have outstanding mortgages held with international banks, obligations which are coming under scrutiny as financial institutions move to sever ties with them to comply with US regulations.Secretary for Justice Teresa Cheng Yeuk-wah took out a mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123100"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123100"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123100\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}